Using Equitick Bars
You can create an Equitick chart, with or without MESA, using any number of
ticks per bar. A chart can be converted to an Equitick chart by displaying the
chart rescaling menu and selecting EqTick:
A chart can also be converted to an Equitick chart by typing the .EQTICK
command. If you enter the .EQTICK command by itself, you get the default number of
ticks per bar, which is 10. If you append a number to the command, i.e.,
.EQTICK 20
you get 20 ticks per bar.
Before you use Equitick bars, study the instrument you want to analyze for
trading activity. Setting up an Equitick bar of 100 trades on an instrument that
rarely trades more than 50 times per day will in fact create an Equitick bar
that looks and, where MESA cycle analysis is concerned, acts like a daily bar
chart. Equitick bars get reset at the beginning of each session. Therefore,
knowing about an instrument
Equitick is a chart state. Once you place a chart window in the Equitick
state, it displays Equitick bars until you tell it to do otherwise. When a chart
is in the Equitick state, you can change the number of ticks per bar by entering
a number. For example, if you have a chart displaying 10 tick bars and you
want to see 20 tick bars, you would type 20 and press
To change an Equitick chart back to an interday chart, just type
Aspen Systems will provide as many bars as it has tick data to fill; so the
number of Equitick bars you can view depends on the size of your tick data file
(TICKS.DAT).